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AMR, Home Depot
And Hershey Gain

Oil drop gives hope;
Newmont Mining,
Yahoo, GM Decline

By

Rob Curran

Updated May 28, 2008 12:01 a.m. ET

Airline stocks such as American Airlines parent AMR and consumer stocks such as Home Depot advanced as the price of oil retreated 2.5% to $128.85 a barrel, overshadowing a plunge in new-home sales in April.

"Oil's dominating right now. ... You don't want to be out of this stock market if it collapses," said James Paulsen, chief investment strategist at Wells Capital Management. "If you take oil down to $100 a barrel, suddenly the consumer looks a lot better."